Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 13,854 shares of the financial services provider’s stock after selling 970 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Fidelity National Financial were worth $778,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FNF. Brooklyn Investment Group purchased a new position in Fidelity National Financial in the 3rd quarter valued at about $35,000. Parkside Financial Bank & Trust lifted its stake in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 209 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $37,000. True Wealth Design LLC purchased a new position in Fidelity National Financial in the third quarter valued at about $41,000. Finally, Larson Financial Group LLC grew its stake in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FNF has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Stock Up 2.1 %

Shares of NYSE:FNF opened at $64.85 on Tuesday. The company’s fifty day moving average is $60.12 and its two-hundred day moving average is $59.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. The stock has a market capitalization of $17.83 billion, a price-to-earnings ratio of 13.95 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.08%. Fidelity National Financial’s payout ratio is currently 43.01%.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.